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REO Appraisal: Appraisal of Residential Property Foreclosure

    Online Education
 
  Seminar    
Category  Residential [Res]  
Attendance Hours  7.0  
Current Price  $ 114.00 AI
$ 137.00 Full
 
  Instructor    
Mark R. Rattermann, MAI, SRA  
    
 
  Location    
Appraisal Institute - Online Education
 
Click Here to check state approvals
     
 
  Sponsor / Contact    
  Appraisal Institute  
Email  OL-Help@appraisalinstitute.org  
Phone  (877) 674-2447  
 
  Description    
Changes in lending practices and economic conditions have created a need for appraisers who have specific knowledge and experience to properly develop and document opinions of real property value in foreclosure. This timely seminar will provide participants with the information needed to assist clients in making well-supported decisions about the final disposition of real estate acquired through foreclosure. It begins with a look at the foreclosure process and the role of those involved. Users of appraisal services will become familiar with the many resources appraisers can offer to solve different dilemmas. Appraisers will learn how to formulate a scope of work that not only provides a solution to the user’s problem, but also the ability to determine the type and extent of research required to arrive at credible results.

At the end of this seminar participants will be able to do the following:

  • Understand the needs of clients who order appraisals for preforeclosure, foreclosure, or postforeclosure decisions.
  • Recognize the range of services that an appraiser can provide in preforeclosure, foreclosure, or postforeclosure decisions.
  • Identify the elements involved in completing assignments.
  • Differentiate between various types of value definitions.
  • Identify the market for a property.
  • Formulate a proper scope of work when completing appraisal assignments in a preforeclosure, foreclosure, or postforeclosure decision.
  • Understand inspection requirements for assignments in a preforeclosure, foreclosure, or postforeclosure decision.

Syllabus

  • Introduction
  • Background on Real Estate Owned Property
  • Problem Identification in REO Assignments
  • Scope of Work
  • Data Collection and Analysis
  • Applications of the Approaches to Value
  • Reconciliation of Value Indicators and Final Value Opinion

AI CE Credit for Designated and Associate Members
This program is approved for 1.25 hours of Appraisal Institute CE credit for every hour taken.
 
  Audience    
Intermediate
 
  Equipment    
HP-12C Calculator

Microsoft Excel or other spreadsheet program

Supported Internet Browsers:

Firefox 3.5 and above

Internet Explorer 7.0 and above
 
  Disclaimer    
Cancellation Policy
If you are unable to complete a seminar once it begins, you may cancel out of the seminar before the official seminar end date. Once you cancel out of a seminar, however, you must start the seminar over at the beginning in any later enrollments. You cannot be placed into the seminar where you left off before canceling.

The following tuition refund policy is in effect for canceled online seminars based on the amount of material completed in a seminar:

• Less than 25% of the seminar completed: $60 cancellation fee

• More than 25% of the seminar completed: no tuition refund

   Transfer Policy
If you wish to transfer a registration from one seminar to another, the following transfer policy applies based on the amount of material completed in a seminar:

• Less than 25% of original seminar completed:
  • First transfer allowed: no charge
  • Second transfer allowed:
     $60 charge
           (for 7 hour programs and above)
     $35 charge
           (for 6 hour programs and below)
  • Any transfer not allowed beyond two

• More than 25% of original seminar completed: no transfer allowed

If you transfer from a lower priced seminar to a higher priced seminar, you will be responsible for paying the difference using the automated online system. If you transfer from a higher priced seminar to a lower priced seminar, an appropriate tuition refund will be issued.

    
I agree to the terms and policies set forth under the Appraisal Institute Online Education Policy. I also certify that I am the person identified above under Personal Data and that I will personally complete each assigned module of instruction and any examination(s). I understand and agree that if I misrepresent my identity or arrange for someone else to represent himself or herself as me at any time during the Appraisal Institute online course or seminar, I will be immediately removed from the course or seminar and I will not be entitled to any refund. I further understand that if I am a member of the Appraisal Institute and participated in any misrepresentation of identity, by affirmative act or failure to act, that I will be the subject of a peer review proceeding under Regulation No. 6 for violation of the Appraisal Institute's Code of Professional Ethics and Standard of Professional Appraisal Practice, and that such peer review proceeding may result in termination of my Appraisal Institute membership.
 
  Additional Information    
ONLINE CLASS ACCESS
Please allow 1 hour after registration to start an online session in progress (on or after the session start date). Go to www.appraisalinstitute.org and log in with the username and password you used when you registered. You will automatically be taken to the "My Appraisal Institute" page. Near the middle of that page your course will be listed with a link next to it that says "Go To Class".

If you have any questions, please email us at OL-Help@appraisalinstitute.org.